https://www.taxtmi.com/caselaws?id=22693 The Tribunal upheld the Appellate Assistant Commissioner's decision allowing the assessee's claim for bifurcation of receipts on account of administrative charges and commission over the hire-purchase duration. The U. P. State Agro Industrial Corporation Limited distributed discount, profits, and administrative charges over the hire-purchase period. The Court found that distributing the discount and administrative charges over the hire-purchase duration was justified as the Corporation received these amounts gradually with instalment payments. The Tribunal's interpretation of administrative charges covering various expenses over the hire-purchase period was accepted, resulting in a ruling in favor of the assessee against the Revenue. en-us Wed, 28 Nov 1990 00:00:00 +0530 Sat, 12 Dec 2009 13:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22693 The Tribunal upheld the Appellate Assistant Commissioner's decision allowing the assessee's claim for bifurcation of receipts on account of administrative charges and commission over the hire-purchase duration. The U. P. State Agro Industrial Corporation Limited distributed discount, profits, and administrative charges over the hire-purchase period. The Court found that distributing the discount and administrative charges over the hire-purchase duration was justified as the Corporation received these amounts gradually with instalment payments. The Tribunal's interpretation of administrative charges covering various expenses over the hire-purchase period was accepted, resulting in a ruling in favor of the assessee against the Revenue. Case-Laws Income Tax Wed, 28 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22693